Canada markets closed

SmartCentres Real Estate Investment Trust (SRU-UN.TO)

Toronto - Toronto Real Time Price. Currency in CAD
Add to watchlist
26.44+0.49 (+1.89%)
At close: 04:00PM EDT

Yahoo Finance will soon be upgrading our Conversations message board platform to provide a better experience for our users. Only comments published since April 21, 2021 will be visible on Yahoo Finance after the upgrade. If you wish to download and save any of your older comments, please submit a request via the Privacy Dashboard by no later than Sept. 30.

Sign in to post a message.
  • G
    At a 7% yield, you'll be doubling your money every 10 years. 72/7
  • J
    Great buy in points. Markets won't stay like this forever.
  • S
    Sean C
    come on $23
  • D
    Im not trading this starting a long term investment.
  • M
    $3000 for $16 per month they say
  • D
    Lots cheapies.
  • T
    Taxman is due
    If you read my other posts the interest rate will have a profound effect on new development. Smartcenters is late to the game of redevelopment of existing properties. Rates will increase costs for both developers and retailers. New developments cost will dramatically increase and sale prices of condos will stagnate and continue to drop. Other developers have been smarter and redeveloped and re merchandised 16 months ago. Existing merchants are looking to reduce rents this includes big box economy sellers.
  • P
    next buy offer @ $24.75
  • D
    Need let ukraine join nato. Imo. This is shameful.
  • B
    Wdf is going on
  • J
    I love this stock. Love seeing packed parking lots whenever i drive by smart centres.
  • L
    I purchased this over 3 years ago now. I will probably never get back to my purchase price, all that said, the steady stream of dividends is quite nice.
  • B
    I suspect that the CFO leaving has something to do with this missing net asset value on this past quarters earnings which is highly unusual.
  • B
    So back to paying out over 100% with 2% lease spreads in an 8% inflationary environment. No wonder avg lease rates are the same they were in 201
  • T
    TWF inc
    97.4% occupancy... lol, Who actually believes that number is true?.... Does anybody here actually realize how they fudge the numbers using PUD ?? boomer does, taxman does... anyone else?? Or everybody just sees flowers and rainbows..... how about inflation and zero rent growth... doesnt affect them??
  • D
    Why cfo trans.
  • g
    what is happening why is it going so low
  • K
    SRU.UN is here for the Long Term,
    it has great businesses tenants (Walmart, Canadian Banks, Drug stores, etc..) and survived the pandemic with keeping its dividends intact. It's 100% better then its main comparison Ticker: RIO | RioCan
    (which lied to investors and had to cut its dividend by HALF),
    and other Canadian REITS (I'd argue GRT.UN is still better then SRU though).

    1 thing people need to understand is that this company/REIT won't make you tons of cash in a few months, it will slowly grow and expand from there, likely, raising its dividends with it. For now this is literally the definition of an "Income Stock". Enjoy the dividends but that's it till news or something develops.

    Why do I say this?

    SRU.UN is currently building Apartments, Senior living, and expanding aggressively into residential thanks to the extra space it has around its shopping centers (meaning they literally don't have to pay for the land as they already own it). This will help it easily skyrocket and continue to pay a growing dividend to investors as people are still moving to Ontario and other major Canadian cities. Once the construction is complete we should expect minor growth to dividends and the stock price.

    Position in SRU.UN:
    50 Shares - Avg. $28.80
  • m
    Guys a lot of confusion around payout ratio... the way to see if dividend in a REIT is safe is different from typical stocks due to the nature of the vehicle... you need to look at FFO ratio which considers operating income and dividend ... currently the company pays 72 cents for every dollar in operating income as dividend and the remaining 28 cents is for growth ... so yes your dividends are safe and the company h e been increasing the dividends for last 6 years and did not cut the dividends during pandemic... also, it’s tenants are considered essential businesses . With new rollout of vaccine that’s a keeper!!!